nVent Electric plc (NYSE:NVT) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. decreased its position in shares of nVent Electric plc (NYSE:NVT) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,445 shares of the company’s stock after selling 5,017 shares during the period. Lecap Asset Management Ltd.’s holdings in nVent Electric were worth $1,053,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crews Bank & Trust acquired a new position in shares of nVent Electric in the 4th quarter valued at $26,000. Larson Financial Group LLC grew its position in nVent Electric by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 378 shares of the company’s stock worth $27,000 after purchasing an additional 181 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in nVent Electric in the third quarter valued at $29,000. UMB Bank n.a. raised its holdings in shares of nVent Electric by 280.0% in the third quarter. UMB Bank n.a. now owns 418 shares of the company’s stock valued at $29,000 after buying an additional 308 shares during the last quarter. Finally, Huntington National Bank boosted its stake in shares of nVent Electric by 57.3% during the third quarter. Huntington National Bank now owns 612 shares of the company’s stock worth $43,000 after buying an additional 223 shares during the period. Hedge funds and other institutional investors own 90.05% of the company’s stock.

Insiders Place Their Bets

In other nVent Electric news, Director Jerry W. Burris sold 6,558 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $80.00, for a total transaction of $524,640.00. Following the sale, the director now owns 45,040 shares in the company, valued at approximately $3,603,200. This represents a 12.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Sara E. Zawoyski sold 14,505 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $76.76, for a total value of $1,113,403.80. Following the completion of the transaction, the chief financial officer now directly owns 62,215 shares of the company’s stock, valued at approximately $4,775,623.40. This trade represents a 18.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NVT shares. Citigroup dropped their price target on nVent Electric from $91.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada boosted their target price on nVent Electric from $85.00 to $86.00 and gave the company an “outperform” rating in a report on Friday. KeyCorp increased their price target on nVent Electric from $80.00 to $84.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Finally, Barclays boosted their target price on nVent Electric from $76.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $86.33.

nVent Electric Price Performance

Shares of NYSE:NVT opened at $67.85 on Friday. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 3.02 and a beta of 1.26. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.83 and a quick ratio of 1.36. The business’s 50 day simple moving average is $70.89 and its 200-day simple moving average is $70.36. nVent Electric plc has a 12 month low of $56.44 and a 12 month high of $86.57.

nVent Electric (NYSE:NVT) last posted its earnings results on Thursday, February 6th. The company reported $0.59 EPS for the quarter, hitting analysts’ consensus estimates of $0.59. nVent Electric had a return on equity of 15.66% and a net margin of 16.95%. As a group, equities analysts forecast that nVent Electric plc will post 2.49 earnings per share for the current fiscal year.

nVent Electric Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 17th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. This is a boost from nVent Electric’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, January 17th. nVent Electric’s dividend payout ratio is presently 23.46%.

nVent Electric Company Profile

nVent Electric plc, together with its subsidiaries, designs, manufactures, markets, installs, and services electrical connection and protection solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates through three segments: Enclosures, Electrical & Fastening Solutions, and Thermal Management.